CLAMC Migrates Back Office Processing To DSTi

China Life Asset Management Corporation (CLAMC) has implemented HiPortfolio 3 investment accounting tool from DST International (DSTi). With over 200 portfolios and accounts, the implementation project involved DSTi's local and international team working very closely with a range of departments

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China Life Asset Management Corporation (CLAMC) has implemented HiPortfolio/3 investment accounting tool from DST International (DSTi).

With over 200 portfolios and accounts, the implementation project involved DSTi’s local and international team working very closely with a range of departments from within CLAMC.

This project was also significant investment back office migration projects of its kind in China, handling complex valuation methodologies which are specific to the China market, particularly in the area of fixed interest.

HiPortfolio/3 has helped CLAMC to automate many of its previously manual processes.

HiPortfolio/3 will also help managers to more effectively monitor their portfolios, with full transaction records covering transactions executed on the stock exchanges and OTC markets, as well as cash movements within portfolios.

In addition, HiPortfolio/3’s flexible portfolio structure means that CLAMC is now able to divide assets for accounting purposes, and quickly produce on demand reports as required.

HiPortfolio/3 stores detailed transaction activity for every trade, so CLAMC now has the necessary foundation in place that will allow it to implement sophisticated performance reporting.

“This implementation was a significant undertaking for CLAMC and DSTi,” says Zhang Feng Min, executive vice president, IT, Settlement and Portfolio Management, CLAMC.

“The complete back office functionality of HiPortfolio/3 is a real step up from our previous system, and the professionalism of the DSTi staff has helped motivate our team to work more effectively.”

“I congratulate CLAMC and our project team on this successful implementation, as we expand our presence in the Chinese market,” says Tom Abraham, CEO of DSTi. “This project was our biggest and most complex thus far in China, and I’m happy to be here in China for its successful completion.”

L.D.

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